Press Release - APRIL 13, 2018
A.M. Best Assigns Issue Credit Rating to Fairfax Financial Holding Limited’s Senior Unsecured Notes
FOR IMMEDIATE RELEASE
OLDWICK - APRIL 13, 2018
Following the senior unsecured notes issue, financial leverage and coverage measures remain supportive of the assigned rating. Fairfax intends to use the net proceeds of the offering to refinance and repay outstanding debt and for other corporate purposes. Fairfax’s Long-Term Issuer Credit Rating of “bbb,” its existing Long-Term IRs and the ratings of its operating insurance subsidiaries are unchanged.
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